Cove Energy

  • Cove Energy announces second successful flow test in Rovuma Basin Area 1 block, offshore Mozambique

    Cove Energy announces second successful flow test in Rovuma Basin Area 1 block, offshore Mozambique

    Sunday, 6th May 2012
    Cove Energy, together with operator Anadarko Petroleum, has provided the results of its second flow test of the Barquentine-1 well at the northern end of the Prosperidade gas complex in the Rovuma Basin Area 1 block, Offshore Mozambique (Area 1 Rovuma Offshore).
  • Shell launches $1.8bn Cove takeover

    Shell launches $1.8bn Cove takeover

    Tuesday, 24th April 2012
    Anglo-Dutch supermajor Shell announced it had reached an agreement with Cove Energy on the terms of a recommended cash offer which values the latter at 1.12 billion British pound ($1.8 billion).
  • Cove Energy announces Mozambique tax clarification

    Cove Energy announces Mozambique tax clarification

    Tuesday, 10th April 2012
    On 2nd March 2012 Cove Energy announced that it was seeking clarity on a possible tax charge to be levied by the Government of Mozambique in relation to the indirect transfer of the Company's 8.5 per cent participating interest in Rovuma Offshore Area 1 and its 10.0 per cent participating interest in Rovuma Onshore block (together the 'Mozambique Assets') which would arise on the takeover of the Company.